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Marketplace Morning Report

Less than zero

Sep 17, 2019
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Marketplace Morning Report

Could tariffs make U.S. businesses less productive in the long run?

by Sabri Ben-Achour May 24, 2019
Higher tariffs on Chinese imports, especially those that are used to make things in the U.S., can cut efficiency and competitiveness, experts say.
Chinese shipping containers that were unloaded at the Port of Long Beach in Los Angeles County in 2018.
Mark Ralston/AFP/Getty Images
My Economy

My Economy: The personal cost of a year of tariffs

by Marketplace Staff Mar 19, 2019
For Sam Desai, vice president at RM Metals, a year of tariffs on his balance sheet changed his work habits.
Tom Mihalek/Getty Images
Trade showdown

FOIA documents unmask the tariff exemption process

by Phoebe Unterman, Tracey Samuelson, and Janet Nguyen Nov 5, 2018
We obtained Department of Commerce documents to see how applications were approved and denied.
The majority of requests for tariff exemptions have been denied. Above, a steel distribution factory in Monterrey, Mexico.
Photo by Julio Cesar Aguilar/AFP/Getty Images

U.S.-imposed tariffs are hitting American firms’ bottom line

by Renata Sago Sep 27, 2018
The CEO of one of the nation’s largest automakers says metal tariffs imposed by the Trump administration earlier this year have cost his company $1 billion in profits and sales. Ford boss Jim Hackett made the comment at a gathering…
Jim Hackett, president and chief executive officer, Ford Motor stands outside the headquarters as they celebrate the production of the 10,000,000 Mustang on August 8, 2018 in Dearborn, Michigan.
JEFF KOWALSKY/AFP/Getty Images

Canada's Aluminum Valley grapples with U.S. tariffs

by Emma Jacobs Sep 17, 2018
A 50-mile stretch along the Saguenay River in Quebec produces roughly half of Canada's aluminum; residents are anxious.
Rio Tinto ships raw material and finished ingots in and out of its own port facility on the bay of the Saguenay River, which flows out to the Saint Lawrence and the Atlantic Ocean.
Emma Jacobs/Marketplace

As Turkey’s currency tumbles, contagion fears rise

by Reema Khrais Aug 10, 2018
Turkey’s currency, the lira, is in free fall. It’s been declining for months and today it reached a record low, down by as much as 18 percent. Part of the reason is Turkey’s bad relations with the United States. The…
Turkish Lira currency is seen on November 21, 2017 in Istanbul, Turkey.
Chris McGrath/Getty Images
Trade showdown

Americans do want tariff relief

by Phoebe Unterman Aug 3, 2018
Manufacturers and farmers we talked to are frustrated by the import taxes and the exemption process.
A worker is surrounded by sparks from molten steel flowing into casts at the TAMCO steel mini mill in Rancho Cucamonga, California, in 2002.
David McNew/Getty Images

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Alcoa earnings will give a glimpse of the aluminum industry now that tariffs are in play

by Mitchell Hartman Jul 17, 2018
On Wednesday, we get second-quarter earnings from Alcoa, the major aluminum manufacturer. And that may offer clues about how the escalating trade battle is playing out for domestic manufacturers and workers now that tariffs on aluminum and steel are a…

As new tariffs are announced, Commerce Dept. faces crunch over exclusion applications

by Reema Khrais Jun 15, 2018
U.S. tariffs announced today will affect more than 800 products from China, everything from aircraft tires and boat motors to cranes and bulldozers. Government officials say they’ll give U.S. companies the chance to request that certain products they import from…

Companies say they shouldn't pay tariffs on products no one makes domestically

by Phoebe Unterman and Kai Ryssdal May 4, 2018
"I don't think people really understand that the U.S. never ... reinvested in its steel-making ability," one executive says.
A worker stacks newly cast steel slabs at the NLMK Indiana mill in March in Portage, Indiana.
Scott Olson/Getty Images